Goldman Sachs to price trigger autocallables linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Dec. 9 – Goldman Sachs Group, Inc. plans to price 0% trigger autocallable optimization securities due Dec. 17, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

After one year, the notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 40%. If the index return is negative but not below negative 30% to negative 24%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level. The exact barrier level will be set at pricing.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Dec. 11 and settle Dec. 16.

The Cusip number is 38148X720.

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